Goodluck India gets LoI from L&T for Bullet Train Project contract
Goodluck India Ltd., an Indian steel processor, has been issued a letter of intent (Lol) from Larsen & Toubro (L&T) for the Bullet Train Project in India.
The value of the contract is INR 198.76 crores.
The scope of the contract includes the supply and fabrication of special bridges on the National High Speed Rail Track between Mumbai and Vapi.
Goodluck India said that the Bullet Train Project contract is expected to be executed by 2023. It will be executed under the supervision of IHI-Japanese experts in the area of design and supply of steel bridges, said the steel processor.
MC Garg — Chairman of Goodluck India said: “We feel privileged to announce the award of Lol for the supply. and fabrication of steel structures by our Structure division. This is a landmark milestone achieved by us. This is another indication of the confidence that various entities show upon us for our quality and execution capabilities.
“It will be hugely rewarding as the engineers of Goodluck will be working alongside some of the best engineers in their respective fields. We are sure we will gain immensely from this. This will usher in a new era of technical excellence for Goodluck. We look forward to many more such opportunities in future.”
Earlier this month, Goodluck India completed a ramp-up of its production capacity by nearly 25% to approximately 10,000 MTPA for its auto tube division.